David Devine

5507 240th Street Sw

Mountlake Terrace, WA
$ 799,000 Beds 3 Baths 1 Sq 1,100
Monthly Estimate* How much can I afford?

Exceptional redevelopment opportunity in the heart of Mountlake Terrace. This 7,800+ SF corner property is located just blocks from the Mountlake Terrace Link light rail station and downtown, with desirable BC/D zoning offering significant long-term potential. The property is currently improved with an existing residence and occupied by a long-standing month-to-month tenant, providing income while a buyer evaluates future plans. An excellent opportunity for a developer, investor, or owner looking to secure a strategically located property in one of Mountlake Terrace's evolving transit-oriented areas. Buyer to verify zoning, development potential, permitted uses, and all information to buyer's satisfaction. Please do not disturb tenant or walk the property without prior permission.

Active

  • Price
  • $ 799,000
  • City
  • Mountlake Terrace
  • Bedrooms
  • 3
  • Full Bathrooms
  • 1
  • County
  • SNOHOMISH
  • Half Bathrooms
  • 0
  • Area
  • Southwest Snohomish
  • Lot Size
  • 0.18 Acres
  • Zip
  • 98043
  • Sqr Footage
  • 1,100
  • Year Built
  • 1950
  • Taxes
  • $ 4769
  • Style
  • 1 Story
  • MLS#
  • 2572307
Listed By: John L. Scott, Inc. and NWMLS
Data Source: Northwest Multiple Listing Service (NWMLS)

Features

General

Living Area 1100
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Closing,Negotiable
Roof Metal,Torch Down
Year Built 1950
View Territorial
Topography Level
Levels One
Property Subtype Single Family Residence
Tax Year 2026
County Snohomish
New Construction No
Property Type Residential
HOA No
Attached Garage Yes
Subdivision Name Mountlake Terrace
Garage Y/N Yes
Full Baths 1
Special Listing Conditions None
Status Active
Directions GPS works
High School Buyer To Verify
City Mountlake Terrace
Senior Community Y/N No
High School District Snohomish
MLS Area 730 - Southwest Snohomish
Lot Size Units Square Feet
Lot Size Square Feet 7841
Carport Y/N No
Listing Terms Cash,Conventional
Elementary School Buyer To Verify
Land Lease Y/N No
Tax Annual Amount 4769
Middle/Junior High School Buyer To Verify
Public Remarks Exceptional redevelopment opportunity in the heart of Mountlake Terrace. This 7,800+ SF corner property is located just blocks from the Mountlake Terrace Link light rail station and downtown,with des
Structure Type House
Building Area Units Square Feet
Standard Status Active
Property Style 10 - 1 Story
NWM_ShowMapLink Yes

Interior Features

Basement None
Flooring Vinyl Plank
Air Conditioning Y/N No
Heating Y/N Yes
Fireplace Y/N No
Total Bedrooms 3
Main Level Bedrooms 3
Total Baths 1
Power Production Type Electric
Baths Full Main 1
Bathrooms 1

Exterior Features

Exterior Amenities Cement/Concrete
Parking Features Driveway,Attached Garage
Lot Features Corner Lot,Paved
Water Source Public
Total Parking 1
Building Area Total 1100
Lot Size Acres 0.18
Waterfront Y/N No
Covered Spaces 1
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Vancouver, WA office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
Agent Photo

Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Buyer To Verify Elementary School
Middle School Buyer To Verify Middle School
High School Buyer To Verify High School

Price History

8/21/2026 Listed $799,000

Property vs Zip Code Average in 98043

Price
AVG $760K
$800K
Taxes
AVG $4,995
$4,769
Year Built
AVG 1979
1950
Visits
AVG 161
98
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

5507 240th Street Sw Mountlake Terrace, WA is a Single Family Home for sale at $799000 with 1100 sqft and a lot size of 0.18 Acres Acre(s). 5507 240th Street Sw Mountlake Terrace has 3 bedrooms, 1 baths and was built in 1950. The property's zip code is 98043 which is in Mountlake Terrace, WA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

David Devine

David Devine

Real Estate Broker

503-381-3858

By pressing Contact Me, you agree that Weichert® may contact you via phone about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. For any other information please read our Privacy Policy